Americas
Venezuela's PDVSA to keep producing, exporting and processing oil previously handled by Chevron
Venezuela's state-run PDVSA has put together three operational scenarios as part of a plan to continue producing and exporting oil at its largest JV with Chevron once a license for the U.S. major to operate in the country expires next month.
Bolivia issues incentives to import fuel, help private sector meet shortages
Bolivia's energy ministry announced a set of incentives to import gasoline and diesel, in a bid to promote the country's private market and overcome an extended fuel shortage.
Nextchem to provide technology for Pacifico Mexinol's ultra-low carbon methanol plant (Mexico)
When it initiates operation in 2028, Pacifico Mexinol's facility is expected to be the largest single ultra-low carbon methanol facility in the world, producing approximately 350,000 tpy of green methanol and 1.8 MMtpy of blue methanol from natural gas with carbon capture.
Quanta Technologies unveils new LEADR FCC refining catalysts
The technology improves the environmental and diffusion performance of Fluid Cracking Catalysts (FCC) by narrowing the particle size distribution of the catalyst.
Air Products exits three U.S. projects, takes write down not to exceed $3.1 B
Air Products announced its decision to exit three projects in the U.S. As a result, Air Products expects to record a pre-tax charge not to exceed $3.1 billion in its fiscal 2025 second quarter, primarily to write down assets and terminate contractual commitments.
ExxonMobil's gas project in Guyana to include fertilizer plant
A large-scale gas project by ExxonMobil in Guyana set to provide natural gas and export LNG will also include fertilizer plants, the head of the U.S. oil major in Guyana, Alistair Routledge, said.
Baseblue launches new bunker fuel supply service in Trinidad
Baseblue has launched a new bunker fuel supply service at Point Lisas Port, Trinidad. The service will provide vessels with reliable and efficient fuel options, eliminating logistical challenges and enhancing operational efficiency.
Guyana, Dominican Republic discuss possible refinery and petrochemical plant construction
Guyana and the Dominican Republic are making progress on accords for offshore oil and gas exploration and to build a petrochemical plant and possible refinery in the South American country.
Chevron to lay off up to 20% of global workforce
Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said, as it seeks to cut costs, simplify its business and complete a major acquisition.
Some U.S. Gulf refiners paying premium prices for Trinidad's Molo crude
Some U.S. Gulf Coast refiners have recently paid prices over the Brent LCOc1 crude benchmark for Trinidad and Tobago's Molo heavy sour crude.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
